Cedar Realty Trust (CDR) Declares $0.05 Quarterly Dividend; 2.5% Yield

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Go back to Cedar Realty Trust (CDR) Declares $0.05 Quarterly Dividend; 2.5% Yield

Cedar Realty Trust (CDR) Prices 5M Share Stock Offering for Proceeds of $39.3M

July 27, 2016 9:11 AM EDT

Cedar Realty Trust, Inc. (NYSE: CDR) announced the pricing of its underwritten public offering of 5.0 million shares of its common stock on a forward basis in connection with the forward sale agreement described below, which will result in approximately $39.3 million of gross proceeds (assuming such forward sale agreement is physically settled in full) before any underwriting compensation and offering expenses. The offering is expected to close on or about August 1, 2016, subject to customary closing... More